The first step should be to make a business case for your entrepreneurial opportunity. Details and information on preparing a business plan are provided in Guide #3 but for now, put your thoughts in writing to help you determine what additional information and resources you will need. Consider such areas as the following.
Do you have a solid idea for a business? What resources will you need to move it from abstract to concrete application?
What role will you play in the business?
What role will others play in your business? Will you need others?
For many, it may be as simple as defining your goals and turning them into SMART goals. The key in this strategic exercise is to be sure of your goals. It’s important to have a clear vision and plan of what you want to accomplish in your venture. Simply saying that “I want to own a successful business within twelve months” does not constitute a workable plan. Consider the following focused objectives and goals:
I will manage my own sports equipment business in twelve months with a personal net salary of $100,000 and a staff of twenty.
I will increase my business sales by 17% compared to last year by implementing seasonal sales on a quarterly basic in both local and regional media venues.
Do you have a solid idea for a business? What resources will you need to move it from abstract to concrete application?
What role will you play in the business?
What role will others play in your business? Will you need others?
For many, it may be as simple as defining your goals and turning them into SMART goals. The key in this strategic exercise is to be sure of your goals. It’s important to have a clear vision and plan of what you want to accomplish in your venture. Simply saying that “I want to own a successful business within twelve months” does not constitute a workable plan. Consider the following focused objectives and goals:
I will manage my own sports equipment business in twelve months with a personal net salary of $100,000 and a staff of twenty.
I will increase my business sales by 17% compared to last year by implementing seasonal sales on a quarterly basic in both local and regional media venues.
